HDFC Home Loan Eligibility is one of the most relaxed amongst all the other products in the segment. Having a home of your own is one of the most peaceful and unmatched feelings. Many of us work towards this most treasured dream patiently and tirelessly. However, considering the current inflation rate, it is going to be very difficult for a majority of us to call a house our home. The HDFC Bank lends a helping hand to give spine to your dreams. HDFC Home Loan is not only affordable but reasonably priced. Having helped countless people in buying a home of their own, HDFC Home Loan is one of the leading products in the industry. Know more about how you can fit in the eligibility criteria set by the bank!
HDFC Home Loan Eligibility
HDFC Home Loan Eligibility considers a number of important details of the applicant to judge their capability to avail the HDFC Home Loan and their capacity to repay. Factors such as age limit, nature of profession, monthly income, nationality and credit score are the basic factors that play a vital role in the determination of one’s eligibility. The applicant must belong to the assigned age limit for successful credit application. The bar for monthly income is decided as per the nature of profession of the applicant. It is prescribed for the applicant to bear the nationality of India and have a considerably good credit score. It is of immense importance for the applicant to have an excellent credit score and not have any financial default history. Considering these basic details, HDFC draws out the parameters for the potential applicants.
HDFC Home Loan Interest Rates
HDFC Home Loan Interest Rates are determined after much thought and consideration. The rate of interest for HDFC Home Loan ranges from 8.65% to 9.25%. For a credit facility up to ₹ 75 Lakhs, the interest rate ranges between 8.70% to 9.20%. However, the interest rate for the credit amount of more than ₹ 75 Lakhs sways between 8.75% to 9.25%.
Apart from this arte, female applicants are given the credit facility at a special rate. The interest rate for female applicants for an amount up to ₹ 75 Lakhs is 8.65% to 9.15% and for the amount above ₹ 75 Lakhs is between 8.70% to 9.20%.
HDFC provides for four different types of calculators on their official website to ease out the process of credit application for its esteemed customers. Take a look!
HDFC EMI Calculator: The HDFC EMI Calculator makes it easier for the applicant to gauge the estimated EMIs that they would have to pay towards the repayment of the credit amount. This tool functions by simply taking in the basic details of your loan such as the loan amount, the rate of interest offered by the bank and the total loan tenure. By making calculations based on these details, the Home loan EMI calculator would simply churn out the amount of your monthly installment. This gives a fair idea to the applicant about how much they would have to shell out every month in order to repay the credit. The best feature of this tool is that you can go on doing these calculations endlessly as all you need to do is punch in the details and keep changing them until you are done. This tool not only saves a lot of time but is also a convenient way to make such cumbersome calculations.
HDFC Eligibility Calculator: HDFC Eligibility Calculator is a highly beneficial tool that calculates your eligibility for availing the HDFC Home Loan. To gauge your eligibility to avail the loan all you need to do is, feed in your details such as age, monthly income, nature of profession and the likes and calculate your eligibility. The best feature of this tool is that it takes almost no time to calculate your eligibility and considers every aspect that is relevant to apply for the credit.
HDFC Home Affordability Calculator: HDFC Home Affordability Calculator is a one-of-its-kind tool that is provided by the bank to its customers.This tool lets you get a clear picture of your finances- the ones that you have at your disposal and the ones that you can arrange. It helps you get a better idea of your eligibility for the loan. Using this tool you can save your time on considering irrelevant property deals and invest your time and effort on conveniently affordable property deals. Using the HDFC Home Affordability Calculator will keep you better informed about your financial position and will help you plan out your investment.
HDFC Home Loan Customer Care
HDFC Home Loan Customer Care is the Customer Support facility provided by the bank to its valued customers. This division of HDFC Bank takes care of all the queries and grievances that the Home Loan applicants might have during and after the process of application. You can reach the customer care via the toll free numbers provided by the bank on their official website, through the unique customer login provided by the bank to each customer during the loan application, through sending an SMS to their number and by writing on their online grievance redressal portal. Alternatively, you can always visit the nearest HDFC branch or write an email to the manager of Home Loan product.